What is a recessionary gap? What would be the appropriate fiscal policy to combat or offset one?

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What is a recessionary gap? What would be the appropriate fiscal policy to combat or offset one? What is an inflationary gap? What would be the appropriate fiscal policy to combat or offset one?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:53 AM

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What is a recessionary gap? What would be the appropriate fiscal policy to combat or offset one?

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A recessionary gap exists when the short run ASAD equ...View the full answer

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